1994 (10) TMI 41 - HC - Income Tax

Summary

The High Court of Kerala dismissed the Revenue's request for reference of questions of law arising from an Income-tax Appellate Tribunal order. The Commissioner of Income-tax set aside a revised order of assessment, but the Tribunal found the Commissioner had no jurisdiction under section 263 as the Income-tax Officer had only followed the directions of the Appellate Assistant Commissioner. The Commissioner's order was held unsustainable and set aside. The Income-tax Officer's compliance with the order granting exemption to the assessee prevented the Commissioner from invoking revisional jurisdiction under section 263. The petition was dismissed.